Barbados: 2006 Article IV Consultation—Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

Author: International Monetary Fund

Volume/Issue: Volume 2006 Issue 323

Publication date: September 2006

ISBN: 9781451806069

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Exports and Imports , Inflation , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , ISCR , CR , agency outlook , outlook , period inflation , current account , deficit , Standard & Poor's , core inflation , fiscal policy , Credit , Public sector , Inflation , Caribbean , Global

Also of interest

Peru

Grenada

Nepal

Republic of Congo : 2001 Article IV

Summary

Barbados' economy continued to grow, but macroeconomic imbalances worsened. Executive Directors observed that the imbalances are owed to a procyclical fiscal stance, and advised to tighten monetary policy and safeguard the fixed exchange rate regime as an anchor of macroeconomic stability. They also emphasized to strengthen the financial sector regulatory framework and develop the financial market infrastructure. They commended the strong performance of the public pension system, banking indicators, and the agenda of CARICOM Single Market Economy (CSME).